AMC Entertainment (NYSE:AMC) Releases Q1 Earnings Guidance

AMC Entertainment (NYSE:AMC) issued an update on its first quarter earnings guidance on Friday morning. The company provided earnings per share guidance of $(0.62) for the period, compared to the consensus earnings per share estimate of ($0.79). The company issued revenue guidance of $951.4 million, compared to the consensus revenue estimate of $861.06 million. AMC Entertainment also updated its Q1 2024 guidance to -0.620–0.620 EPS.

AMC Entertainment Trading Up 4.0 %

AMC stock opened at $3.41 on Friday. The firm has a 50 day moving average of $3.83 and a 200-day moving average of $5.72. The firm has a market capitalization of $897.78 million, a P/E ratio of -1.45 and a beta of 1.62. AMC Entertainment has a 12 month low of $2.38 and a 12 month high of $62.30.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($0.54) EPS for the quarter, beating the consensus estimate of ($0.70) by $0.16. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.06 billion. Sell-side analysts predict that AMC Entertainment will post -1.61 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on AMC. Wedbush lowered their target price on shares of AMC Entertainment from $6.00 to $4.00 and set a neutral rating on the stock in a research note on Thursday, April 18th. B. Riley lowered their price objective on shares of AMC Entertainment from $12.00 to $8.00 and set a neutral rating on the stock in a research report on Thursday, February 29th. Four equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to MarketBeat, the stock has an average rating of Reduce and a consensus target price of $5.95.

AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. It owns, operates, or has interests in theatres in the United States and Europe. The company was founded in 1920 and is headquartered in Leawood, Kansas.